Transcription of GUS Overview - USDA Rural Development
1 GUS Overview . 1. Training Objectives How GUS works Online resources Review Welcome Page Review loan Application Menu Security administrator Guidance 2. Meet GUS. Property of USDA. Automated Underwriting System Modified Scorecard GUS Rules Engine 3. GUS is a tool! It does not replace the judgment of an experienced underwriter. 4. Scorecard + GUS Rules Engine 5. GUS Underwriting Recommendation Credit, Capacity, Collateral Accept NOT a loan approval Acceptable credit risk Refer Human review required Risk layers identified Refer with Caution Human review required Multiple risk layers identified Ineligible Does not meet regulations Cannot be submitted to USDA.
2 Verify all data to support recommendation 6. GUS Underwriting Recommendation Property, Income, and Applicant Eligible Meets regulatory requirements Ineligible One or more regulatory requirements is not met Unable to Determine Property cannot be located System may be unavailable Verify all data to support recommendation 7. Data Integrity Data Integrity Not GUS. Inaccurate calculations or data entry errors Assessment of job time, secondary jobs/pay types, correct appraised value entry, etc. Read the credit report, detect liabilities 12. Using GUS. Approved USDA lender with GUS approval or Work with an approved USDA lender with GUS approval: Lender Agent Active e Authentication ID and password Be activated in GUS by Security administrator (SA).
3 13. Guaranteed loan Program Regulation 7 CFR Part 3555. 8 Subparts: A H. Appendix 1. HB 1 3555. Provides guidance to support the regulation 20 Chapters 14. 7 CFR Part 3555. guidelines 15. 7 CFR Part 3555. 16. Access GUS: USDA LINC. 17. Access GUS: USDA LINC, RHS Home Page 18. Log in 19. GUS Welcome Page 20. GUS Welcome Page 21. GUS Welcome Page 22. loan Application Menu: Approved Lender 23. loan Application Menu 24. GUS Welcome Page 25. Existing Application 26. Existing Application Tips Use Data Fields to locate loans quickly 1. 27. Existing Application Tips Use Data Fields to locate loans quickly 2. 28. Existing Application Tips Use Data Fields to locate loans quickly 3.
4 29. Existing Application Tips Use Data Fields to locate loans quickly 4. 30. Existing Application Tips Use Data Fields to locate loans quickly Example: 31. GUS Welcome Page 32. Authorization Access restricted to Security Administrators 33. Authorization Tips SA's authorize employees Grant, modify, or remove level of access GUS, loan closing, annual fee payment, loan status reports, loss claims, etc. 34. USDA LINC: Training and Resource Library services/lenders/usda linc training resource library Some items may change due to updates 35. Reference Add, Modify, Delete users Pages 26 38. Step by Step help 36. Future Changes? Add SA.
5 Delete SA. 37. 38. Future Changes? Changes to a Branch 39. GUS Welcome Page 40. GUS Welcome Page 41. GUS User Guide 42. GovDelivery Sign up 43. Thank you for supporting the USDA Single Family Housing Guaranteed loan Program! 44. 45.
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